NEWS
Brazil's Next Crop Soy Sales Sluggish
Alastair Stewart South America Correspondent
Wed May 29, 2013 04:39 PM CDT

SAO PAULO, Brazil (DTN) -- Forward sales of Brazil's 2013-14 soybean crop have been extremely sluggish amid the massive uncertainties surrounding the upcoming season.

Farmers have only committed about 5% of their projected 2013-14 soybean crop compared with nearly 40% at the same time last year, according to Fernando Muraro of the AgRural grains consultancy.

"A lot of decisions have yet to be made about the 2013-14 crop," the analyst told a farm conference in Sao Paulo.

The principle question is whether farmers will make any money out of planting soybeans next year.

Margins have been extremely healthy for the ...

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